Which of the following are examples of injections?
a. government purchases, net taxes and exports
b. government purchases, investment spending and exports
c. net taxes, imports and household saving
d. household saving, imports and government purchases
e. exports, imports and household saving
B
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Under the current welfare scheme, the federal government provides state governments with capped block grants to administer state-run welfare programs, but welfare recipients must participate in work activities
a. within six months of receiving welfare or risk losing it b. within two years of receiving welfare or risk losing it c. within five years of receiving welfare or risk losing it d. within ten years of receiving welfare or risk losing it e. never
Looking at the table of the four types of goods, goods that are rival in consumption consist of ______ goods.
a. private and public
b. private and common
c. public and common
d. public and club
Which of the following statements is FALSE about the issues faced by the government when contemplating a tax?
A. Consideration must be given to how taxes influence market prices. B. Consideration must be given to how tax rates relate to the amount actually received. C. Consideration must be given to the amount of funds the government will be receiving from the transfer payments paid by the public to the government. D. Consideration must be given to how taxes influence equilibrium quantity.
An indirect or inverse relationship between price and quantity demanded is
A) the market clearing price. B) a change in demand. C) a supply curve. D) a demand curve.